It’s a REFI without the lender fees
Buy a home by March 31, 2024 and get a no-lender-fees refinance through March 2025. Contact an Intercap Loan Officer for conditions and details.
Right now could be the perfect time to buy
Home buying competition is a ghost town right now. Home sellers are highly motivated and offering price cuts, closing cost incentives, and rate buydown options. The power is in the hands of the home buyer.
Understandably, the hesitation currently is the interest rate. But with such a strong buyer’s market, imagine if the interest rate was not an issue.
What about the interest rate?
In the current market, many sellers are offering rate buydown options, where the buyer uses seller funds to buydown their interest rate. A temporary rate buydown can be the difference that puts your dream home within reach.
Combine a rate buydown with a Freefi
With most rate buydowns, for the first year of the mortgage, the borrower’s monthly payment is based off an interest rate that is 2% lower than the note rate. For the second year of the mortgage, the monthly payment is based off an interest rate that is 1% lower than the note rate. In year three, borrowers return to the full note rate and corresponding payment for the remainder of the mortgage term.
If you combine that with a Freefi, and refinance within the first 2 years as rates are expected to drop, you could end up in the home of your dreams for around the same monthly payment you currently make on your mortgage or rent.
Reach out to you Intercap loan officer and see what options will best fit your situation!
Terms and conditions apply. Lender fees include underwriting, processing, and application fees, if any, and such fees will be waived by Intercap Lending Inc. when a borrower closes on an initial refinance of a qualifying loan with Intercap Lending Inc. on or before March 31, 2025. Qualifying loans are purchase loans closed by Intercap Lending Inc. between November 11, 2022 and December 31, 2023, and do not include brokered loans. All qualifying conditions for a refinance, including credit score, must be met. Third-party fees still apply.
Stress Free Home Loans
Buying a home shouldn’t be stressful. On-time closings, constant communication, e-signatures, and mobile technology that’s easy to use are all standard at Intercap Lending. Then we exceed your expectations with a level of personal service that will blow you away.